American Conservative Values ETF (NYSEARCA:ACVF) Shares Up 1.6% – Here’s What Happened

Shares of American Conservative Values ETF (NYSEARCA:ACVF) shot up 1.6% during mid-day trading on Monday . The company traded as high as $43.79 and last traded at $43.79. 25,220 shares were traded during mid-day trading, an increase of 181% from the average session volume of 8,976 shares. The stock had previously closed at $43.08.

American Conservative Values ETF Trading Down 1.0 %

The firm has a market capitalization of $118.18 million, a price-to-earnings ratio of 24.74 and a beta of 0.98. The company’s 50 day moving average is $44.54 and its 200-day moving average is $44.39.

American Conservative Values ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th will be given a $0.0705 dividend. This is a boost from American Conservative Values ETF’s previous dividend of $0.07. The ex-dividend date is Wednesday, March 26th.

Institutional Investors Weigh In On American Conservative Values ETF

Several hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management lifted its position in American Conservative Values ETF by 8.0% during the fourth quarter. Brookstone Capital Management now owns 16,083 shares of the company’s stock worth $703,000 after acquiring an additional 1,190 shares during the last quarter. Great Waters Wealth Management bought a new position in shares of American Conservative Values ETF during the fourth quarter worth approximately $260,000. Private Advisor Group LLC lifted its holdings in American Conservative Values ETF by 59.8% during the 4th quarter. Private Advisor Group LLC now owns 12,338 shares of the company’s stock worth $539,000 after purchasing an additional 4,618 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in American Conservative Values ETF in the 3rd quarter valued at $451,000. Finally, Encompass More Asset Management bought a new stake in American Conservative Values ETF in the 4th quarter valued at $668,000.

About American Conservative Values ETF

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.